BlackRock Plans Bitcoin Fund with Downside Protection After Rival Product Cushioned Crash

BlackRock is proposing a new bitcoin fund designed to shield investors from losses. The move follows similar products offered by Calamos, which helped investors avoid steep losses during a bitcoin selloff. The Calamos fund reportedly weathered a 50% crash in the cryptocurrency. The proposal signals growing interest among major asset managers in structured crypto products that limit downside risk.
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